Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses
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Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down
Abstract will shut down Dec. 15, saying a chain focused solely on consumer crypto proved unsustainable, and is urging users to bridge their assets off before then.
Tether-backed Orionx to shut down after audit flags $7M custody gap
Tether-backed Orionx is permanently closing after an audit found more than $7 million in customer assets had moved to wallets outside its custody.
Bitget’s $388M hack pushes Q3 crypto security losses past $1B
Crypto security losses reached $1.26 billion in Q3 across 247 incidents, with September alone accounting for roughly $769 million.
Coinbase-Backed Crypto Group Reveals Midterm Endorsements After Clarity Act Collapse
The Coinbase-backed group's first Senate endorsements—Republicans Jon Husted and Ashley Hinson and Democrat Chris Pappas—come two weeks after the Clarity Act's collapse, as the industry's fight shifts to the campaign trail.
US weighs overseas push for dollar-backed stablecoins: Bloomberg
The reported initiative could involve private-sector companies and several US agencies as Washington looks to expand the international use of dollar-backed stablecoins.
*US Weighs Initiative To Promote DOLLAR-BACKED Stablecoin ABROAD: BBG
TreeNews News, *US Weighs Initiative to Promote DOLLAR-BACKED Stablecoin ABROAD: BBG